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1133 Bonanza Avenue

South Lake Tahoe, CA 96150
  • $1,225,000
  • STATUS: Active
  • ON SITE: 67 Days
  • MLS #: 224007894
$1,225,000
  • 0
    BEDS
  • 0.95
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

1 Acre parcel with 8 studio units that have been completely remodeled. Each unit is identical with the same floorplan and remodeled finishes you see in the photos. The current monthly income is exactly $9,758. Awesome little investment for the first time investor or someone looking to have a Ski and summer crash pad in South Lake Tahoe. The lots zoning and density allows for 14-units total which allows the next owner to build 6 more units and 2 ADU's. Build your dream cabin with an investment property included or build 6 townhomes and 2 ADU's to make this property a cash cow. These units are superior to a lot of the apartment rentals in South Lake Tahoe with updated showers and kitchens and beautiful exposed beam ceilings.

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Metrolist MLS logo © 2024 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2024-04-20T15:08:27.15. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.sacramentoareahomefinder.com/homes/147574468
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1133 Bonanza Avenue South Lake Tahoe, CA 96150

  • Price: $1,225,000
  • Status: Active
  • On Site: 67 Days
  • MLS #: 224007894
0
Beds
0
Baths
0
½ Baths
0.95
Acres
1955
Built
Neighborhood:
South Lake Tahoe
County:
El Dorado
Area:
South Lake Tahoe
Elementary School:
Lake Tahoe Unified
Middle School:
Lake Tahoe Unified
High School:
Lake Tahoe Unified
School District:
El Dorado
Property Description
1 Acre parcel with 8 studio units that have been completely remodeled. Each unit is identical with the same floorplan and remodeled finishes you see in the photos. The current monthly income is exactly $9,758. Awesome little investment for the first time investor or someone looking to have a Ski and summer crash pad in South Lake Tahoe. The lots zoning and density allows for 14-units total which allows the next owner to build 6 more units and 2 ADU's. Build your dream cabin with an investment property included or build 6 townhomes and 2 ADU's to make this property a cash cow. These units are superior to a lot of the apartment rentals in South Lake Tahoe with updated showers and kitchens and beautiful exposed beam ceilings.
Exterior Features

Architectural Style Traditional Carport Spaces 0 Construction Materials BrickRedwood Siding Covered Spaces 0 Foundation Concrete Independent Parking Spaces 0 Lot Features Other Num Of Floors 1 Num Of Guest Spaces 0 Open Parking Spaces 0 Parking Features Off Street Tandem Parking Spaces 0 Total Parking Spaces 16

Interior Features

Cooling None Flooring Vinyl Heating Wall FurnaceOther Laundry Features Other Num Of Rooms 0 Num Of Studio Units 8 Num Of1 Bedroom Units 0 Num Of2 Bedroom Units 0 Num Of3 Bedroom Units 0 Num Of4 Bedroom Units 0 Unit1 Approx Sq Ft 350 Unit1 Bedrooms 1 Unit1 Full Baths 1 Unit1 Partial Baths 0 Unit1 Rent 1295 Unit1 Rooms 1 Unit1 Type Apartment Unit2 Approx Sq Ft 350 Unit2 Bedrooms 1 Unit2 Full Baths 1 Unit2 Partial Baths 0 Unit2 Rent 1195 Unit2 Rooms 0 Unit3 Approx Sq Ft 350 Unit3 Bedrooms 1 Unit3 Full Baths 1 Unit3 Partial Baths 0 Unit3 Rent 1295 Unit3 Rooms 0 Unit3 Type Apartment Unit4 Approx Sq Ft 350 Unit4 Bedrooms 5 Unit4 Full Baths 5 Unit4 Partial Baths 0 Unit4 Rent 1210 Unit4 Rooms 0

Property Features

1 Bedroom Annual Occupancy 0 2 Bedroom Annual Occupancy 0 3 Bedroom Annual Occupancy 0 4 Bedroom Annual Occupancy 0 Association False Association Fee 0 Elevation 0 Income Includes Rent Only Irrigation Meter on Site Lease Deposit 0 Num Of Commercial Units 0 Property Subtype 5 or More Units Property Type ResidentialIncome Sewer Public Sewer Special Listing Conditions None Studio Annual Occupancy 0 Subtype Description Apartments Utilities Other Water Source Meter on Site Zoning HDR

Metrolist MLS logo Listing provided courtesy of Collier's International CA, Inc.: . Listing information © 2024 MetroList Services, Inc.


Metrolist MLS logo © 2024 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2024-04-20T15:08:27.15. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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Joanie Cowan - Keller Williams Realty
548 Gibson Drive
Roseville CA, 95678